Citigroup Cuts Coinbase Stock Target to $235, Wall Street Average $233

Citigroup downgraded Coinbase's target price from $400 to $235 on the 23rd (local time), according to reports from Odaily and other foreign media on the 23rd (local time). Wall Street's consensus view also places Coinbase's target price in the $230 range. On the 24th (Korea time), investment information platform TipRanks showed that 26 Wall Street analysts who analyzed Coinbase over the recent 3 months set an average 12-month target price of $233.04. This reflects a broader Wall Street assessment that values Coinbase's appropriate enterprise value in the $230 range, despite individual variations among securities firms.

Citigroup Cuts Coinbase Target Price to $235

Citigroup adjusted Coinbase's target price from $400 (approximately 590,000 won) to $235 (approximately 346,700 won). The downgrade was reported by Odaily and other foreign media on the 23rd (local time). Wall Street's overall view also indicated target prices for Coinbase at the $230 level.

Wall Street Analysts Set $233.04 Average Target

On the 24th (Korea time), investment information platform TipRanks compiled data from 26 Wall Street analysts who analyzed Coinbase over the recent 3 months. Their average 12-month target price was $233.04 (343,500 won). TipRanks classified the Wall Street consensus investment opinion on Coinbase as 'Moderate Buy'. This rating combined opinions from 20 buy recommendations, 4 hold recommendations, and 2 sell recommendations. Taking this into account, while individual securities firms' forecasts differ, Wall Street overall evaluates Coinbase's appropriate enterprise value in the $230 range.

FAQ

What target price did Citigroup set for Coinbase stocks?

Citigroup downgraded Coinbase's target price from $400 to $235 on the 23rd (local time).

What is Wall Street's average target price for Coinbase stocks?

According to TipRanks data on the 24th (Korea time), 26 Wall Street analysts who analyzed Coinbase over the recent 3 months set an average 12-month target price of $233.04.

What is Wall Street's investment rating for Coinbase stocks?

TipRanks classified the Wall Street consensus investment opinion on Coinbase as 'Moderate Buy', based on 20 buy recommendations, 4 hold recommendations, and 2 sell recommendations.